PumpFun co-founder Alon Cohen has refuted rumors of an impending token launch, labeling them as incorrect. Despite claims from crypto journalist Colin Wu, who cited insider sources and alleged documentation, Cohen emphasized the platform’s focus on enhancements rather than token plans. The speculation arises amid legal challenges, including a class-action lawsuit alleging the sale of unregistered securities and a cease-and-desist letter regarding intellectual property misuse. Cohen has not addressed these legal issues directly but insists that Pump.fun operates within legal parameters.
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February 8, 2025 | 21:50
February 8, 2025 | 21:50CryptoMarket Report
February 8, 2025 | 15:39
February 8, 2025 | 15:39News from NLD
Generated 7 posts last week Tornado Cash Developer Released from Prison Amid Ongoing Legal Battles
Tornado Cash developer Alexey Pertsev was released from prison custody on February 7, 2025, and will remain under house arrest while preparing his legal appeal. He was found guilty of money laundering in May 2024, despite having no control over the funds processed by the Tornado Cash protocol. The case has raised concerns among privacy advocates and has implications for the regulation of privacy-preserving technologies.
read moreTornado Cash Developer Released as TORN Price Sees Significant Surge
Tornado Cash’s governance token, TORN, surged 13% to $12.81 following the temporary release of developer Alexey Pertsev from Dutch jail after nine months. Pertsev, under house arrest and facing a 64-month sentence, expressed gratitude for support and donations that funded his legal battle. Despite a recent decline, TORN has seen a 32% increase over the past month and a staggering 617% rise year-over-year, although it remains 97.08% below its all-time high of $436.16.
read moreTornado Cash Co-Founder Released from Prison Amid Ongoing Legal Battles
Alexey Pertsev, co-founder of Tornado Cash, has been released from prison and is now under electronic monitoring as he prepares to appeal his money laundering conviction. His release has sparked a rise in the value of the TORN token, reflecting ongoing debates about the legal status of privacy-focused crypto developers. Pertsev emphasized the financial support he received for his legal defense and called for continued assistance in his fight for freedom.
read moreDeribit exits Russian market due to EU sanctions and regulatory challenges
Deribit has exited the Russian market due to EU sanctions, restricting services to Russian nationals unless they hold citizenship in an EEA country or Switzerland. Russian companies are entirely barred from the platform, while those in the UAE remain excluded. The move follows increased regulatory challenges and the impact of sanctions on Russia’s economy and cryptocurrency sector.
read moreTornado Cash Developer Alexey Pertsev Released from Dutch Prison Pending Appeal
Alexey Pertsev, a developer of the crypto mixing protocol Tornado Cash, has been conditionally released from a Dutch prison as he appeals his five-year sentence for laundering over $2 billion. He will wear an electronic monitor and expressed gratitude for the support he received, stating this opportunity allows him to work on his appeal outside of confinement.
read moreING expands presence in Switzerland to support local companies and sustainability efforts
ING is expanding its presence in Switzerland, aiming to become a key partner for local companies across various sectors. With new offices in Zurich and a focus on tailored financial solutions, the bank is enhancing its role in M&A and sustainability initiatives, reflecting the dynamic nature of the Swiss financial market. CEO Gregory Lambillon emphasizes the commitment to supporting companies in their transition to net zero targets.
read moreCrypto Analyst Predicts Bitcoin and Ethereum to Reach Record Highs
Analyst Michaël van de Poppe predicts a prolonged crypto bull market, with Bitcoin potentially reaching $500,000 and Ethereum targeting $20,000 by late 2025 to early 2027. He anticipates steadier growth for Bitcoin, currently at $104,600, while Ethereum has risen to $3,268. Altcoins like Optimism, Wormhole, and Omni Network are also showing strength, with Sui’s recent breakout indicating potential for explosive growth in Ethereum-related projects.
read moreABN AMRO Completes Tokenized Trading Pilot with 21X on Ethereum
ABN AMRO, the Netherlands’ third-largest bank, has successfully completed a pilot for tokenized trading using stablecoins in collaboration with German exchange 21X. The trial involved on-chain settlement for tokenized securities, with ABN AMRO issuing an ERC-3643 token on the Polygon Amoy Testnet. Following the pilot, the bank plans to enhance its offerings with secondary market capabilities through partnerships with European DLT systems. In Jakarta, police dismantled a crypto romance scam syndicate that targeted professionals from Southeast Asia, arresting 20 suspects linked to a fraudulent trading platform. The scheme promised high returns and has been active for over two months, with ongoing investigations into the total losses incurred.
read moreTech stocks decline as investors await Fed decision and earnings reports
Tech stocks led a decline on Wednesday, with the Nasdaq Composite falling over 0.7% as investors awaited the Federal Reserve’s interest rate decision and key earnings reports from major tech companies. ASML saw a 5% rise in shares due to increased bookings, while Nvidia dropped nearly 5%. The market is closely watching guidance from Meta and Microsoft for insights into the impact of heavy AI spending on growth.
read moreTech losses weigh on S&P 500 and Nasdaq ahead of Fed decision
The S&P 500 and Nasdaq remained flat as losses in tech giants Apple and Nvidia overshadowed gains, with investors awaiting the Federal Reserve’s interest-rate decision. Nvidia fell 3.3% after a previous gain, while Apple dropped 1.1% following a downgrade. Despite this, semiconductor stocks rose after ASML reported strong bookings, and T-Mobile surged 7.4% on positive subscriber growth forecasts.
read moreStocks Mixed as Investors Await Federal Reserve Decision and Tech Earnings
Stocks were mixed as investors awaited the Federal Reserve’s interest rate decision and earnings from major tech firms. The S&P 500 and Nasdaq fell 0.1% and 0.4%, while the Dow rose 0.2%. Notable tech stocks like Nvidia and Apple experienced declines, while T-Mobile and ASML saw significant gains after strong earnings reports. Investors are particularly focused on Fed Chair Jerome Powell’s upcoming comments regarding economic data and future rate decisions.
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